Major Token Unlock Coming: Can SUI Maintain The Stability?

Key Insights:

• $317M worth of SUI tokens will unlock, the largest among upcoming token releases.
• SUI network accounts grew 55.59% in 30 days, surpassing 160 million total accounts.
• Bitcoin aims for a weekly close above $93,500, which could lift altcoin sentiment.

As its network crosses 160 million accounts, SUI is preparing for a $317 Million token unlock on May 1st. Bitcoin is approaching a crucial resistance level, and traders closely monitor its movement. Market strength could play a key role in helping SUI maintain stability during this critical phase.

Large Token Unlocks Scheduled for the Week

CryptoRank.io reports that several primary token unlocks are due in the coming week. SUI has the largest amount of tokens to be unlocked, $317.35 Million, which equals 0.88% of its total supply. After $SUI, $OMNI will be released for $40.73 million and $ENA for $32.60 million.

$OP, $UDS, $RON, and $KMNO are significant token unlocks with values of $25.07M, $19.62M, $18.28M, and $13.79M, respectively. These unlocks are attracting attention due to their potential impact on the market.

These unlocks increase available tokens and could move the short-term price based on market reaction. Of this, 2.72% of SUI’s total market capitalization is unlocked.

Sui price is expected to be more volatile due to the scale of its unlock event. Among the listed projects, it has the largest relative unlock size, contributing to potential market fluctuations.

SUI Network Growth Accelerates Rapidly

In addition to the token unlock, the SUI network remains active with user activity. As of April 26, 2025, the total number of SUI accounts has exceeded 160 million.

According to Suiscan data, SUI accounts have experienced a significant surge in user adoption. Over the past 30 days, they have grown by 55.59%.

By March 2025, the network had around 100 million accounts. By April 2025, that number had risen above 160 million.

Such growth in account numbers can help the SUI ecosystem grow as it can increase transaction volumes and demand for tokens. But, this strength can be offset by significant losses if new supply exceeds current demand levels.

SUI’s could see increased stability if account growth leads to more active users and authentic engagement. Sustained user activity may mitigate the impact of the upcoming token unlock.

Will SUI Funding Rates Hold?

Further, in recent months, the OI-weighted funding rate for SUI futures has been oscillating between positive and negative values.

Funding rates were often negative from December 2024 to February 2025, indicating bearish positioning. More recently, in late April 2025, funding rates have become positive, and the Sui price has risen above $3.

When favorable funding rates are observed, long positions dominate, or more traders are betting on rising prices. This could indicate that SUI price performance is regaining confidence as it nears the unlock event.

However, funding rates can easily turn around when market sentiment shifts, particularly with large unlocks that bring uncertainty.

Broader Market Context: Bitcoin Range Recovery

Broader crypto market conditions also influence SUI’s short-term outlook. Analysis by rektcapital shows that Bitcoin’s price has been recovering and is currently over $93,000.

Bitcoin’s recent surge pressures a key weekly resistance level around $93,500. If this level is broken to the upside, it could begin a new range recovery and offer a more solid foundation for altcoins such as SUI.

Bitcoin regaining its previous trading range could help the Sui price during and after the token unlock. Conversely, a failure to reclaim the range could produce further selling pressure throughout the market.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.